T-Mobile US, Inc. will report second-quarter 2022 earnings of $0.51 per share, KeyCorp forecast (NASDAQ: TMUS)

T-Mobile US, Inc. (NASDAQ: TMUS – Get a rating) – KeyCorp raised its second-quarter 2022 EPS estimates for T-Mobile US shares in a research note published Wednesday, April 27. KeyCorp analyst B. Nispel now expects the wireless communications provider to post earnings of $0.51 per share for the quarter, up from its previous estimate of $0.50. KeyCorp also released T-Mobile US earnings estimates for fiscal 2022 at $2.82 EPS. T-Mobile USA (NASDAQ: TMUS – Get a rating) last released its quarterly results on Wednesday, April 27. The wireless communications provider reported earnings per share (EPS) of $0.57 for the quarter, beating Thomson Reuters consensus estimate of $0.41 by $0.16. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The company posted revenue of $20.12 billion for the quarter, versus $20.14 billion expected by analysts. During the same period last year, the company achieved EPS of $0.92. The company’s revenue for the quarter increased by 1.8% compared to the same quarter last year.

Several other equity research analysts have also recently released reports on the stock. Benchmark raised its price target on T-Mobile US shares from $200.00 to $205.00 in a research note on Thursday. Morgan Stanley raised its price target on T-Mobile US shares from $149.00 to $150.00 and gave the stock an “overweight” rating in a Friday, Feb. 4 research note. JPMorgan Chase & Co. set a price target of $175.00 on T-Mobile US shares in a Wednesday, April 27 research note. TheStreet upgraded T-Mobile US shares from a “c+” rating to a “b-” rating in a Thursday, March 3 research report. Finally, Citigroup raised its price target on T-Mobile US shares from $155.00 to $156.00 and gave the stock a “buy” rating in a Monday, March 14 research report. One research analyst rated the stock with a sell rating, four issued a hold rating, fourteen assigned a buy rating and two issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $162.10.

T-Mobile’s U.S. stock opened Monday at $123.14. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $150.20. The stock has a market capitalization of $153.84 billion, a P/E ratio of 54.97, a P/E/G ratio of 2.04 and a beta of 0.51. The company’s 50-day moving average is $127.57 and its two-hundred-day moving average is $120.05. The company has a debt ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.78.

In other news, Insider Neville R. Ray sold 120,000 shares of T-Mobile US in a trade that took place on Thursday, February 3. The shares were sold at an average price of $120.40, for a total transaction of $14,448,000.00. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders of the company own 0.69% of the shares of the company.

Institutional investors and hedge funds have recently been buying and selling shares of the company. Benjamin Edwards Inc. increased its stake in T-Mobile US shares by 703.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,599 shares of the wireless communications provider valued at $185,000 after purchasing an additional 1,400 shares during the period. River Road Asset Management LLC increased its position in T-Mobile US shares by 3.2% during the third quarter. River Road Asset Management LLC now owns 273,576 shares of the wireless communications provider worth $34,952,000 after buying an additional 8,550 shares last quarter. HighTower Advisors LLC increased its position in T-Mobile US shares by 4.4% during the third quarter. HighTower Advisors LLC now owns 85,016 shares of the wireless communications provider worth $10,857,000 after buying an additional 3,555 shares last quarter. First Hawaiian Bank acquired a new stake in shares of T-Mobile US during the fourth quarter for a value of approximately $2,827,000. Finally, Destination Wealth Management acquired a new equity stake in T-Mobile US during the fourth quarter worth approximately $656,000. Institutional investors hold 43.87% of the company’s shares.

About T-Mobile USA (Get a rating)

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.

Further reading

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